Spectra Energy's (SE -0.4%) $1.25B purchase of the Express-Platte Pipeline System should be an...

Spectra Energy's (SE-0.4%) $1.25B purchase of the Express-Platte Pipeline System should be an overall positive, as the deal makes it one of the major movers of crude oil from Canada to the U.S. Midwest, BMO's Carl Kirst says. But what can SE do to grow that foothold: "We understand the EP system was not readily expandable... What can Spectra do with it that makes it more than a coupon-clipping exercise?"